Cryptocurrencies Price Prediction: Tokens, Bitcoin & Stablecoins – American Wrap 06 October

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Tokenized US treasuries arrive on coinbase’s base with backed’s RWA token issuance

Switzerland-based tokenization firm Backed Finance has expanded its tokenized short-term U.S. Treasury offering to crypto exchange Coinbase’s Base blockchain, the firm said Friday in a press release.

Bitcoin price takes a hit as US Nonfarm Payrolls for September nearly double expectations, rising by 336,000

Bitcoin price had a rather negative initial reaction to the release of the US Nonfarm Payrolls for the month of September. Beating by wide margin market expectations, the jobs report highlighted the addition of about 336,000 jobs against the forecast of 170,000 jobs.

Retail stablecoin trading in Hong Kong not allowed yet, official says

As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed.

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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